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Extent of Disinvestment and the Performance of Public Sector Enterprises in India

EasyChair Preprint 481

6 pagesDate: September 2, 2018

Abstract

The objective of the paper is to assess the impact of disinvestment on the financial performance of disinvested central public sector enterprises (PSEs) during the time span of more than two decades. The paper also aims at analyzing the role of degree of disinvestment on the performance/improvement of the sample disinvested PSEs. The findings suggest that disinvestment brings no major improvement in the parameters of profitability, assets turnover and capacity utilization even after eight years of disinvestment; improvement has been noted in respect of productivity of capital and liquidity only. The improved performance in respect of liquidity, leverage, inventory holding period (IHP) and productivity has been noted due to higher degree of disinvestment in disinvested PSEs.

 

Keyphrases: Disinvestment, Financial Performance, Privatization, efficiency

BibTeX entry
BibTeX does not have the right entry for preprints. This is a hack for producing the correct reference:
@booklet{EasyChair:481,
  author    = {Seema Gupta and P. K. Jain and S. S. Yadav},
  title     = {Extent of Disinvestment and the Performance of Public Sector Enterprises in India},
  howpublished = {EasyChair Preprint 481},
  year      = {EasyChair, 2018}}
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